Borussia Dortmund enters the 2026/27 Bundesliga opener as heavy favorites at home against newly returned Hamburger SV, reflecting their superior squad depth, historical dominance in the fixture, and Signal Iduna Park advantage. Dortmund has not lost to HSV in their last seven meetings and typically controls matches through pace and attacking transitions, despite some key absences including Nico Schlotterbeck and Emre Can. HSV, back in the top flight after promotion in 2024/25, brings momentum from consistent second-division results but faces a steep step up in quality and experience on the road. Trader consensus prices the draw and away win lower, consistent with Bundesliga patterns where promoted sides often struggle early against established sides.